A collection account can remain on your credit record for seven years plus 180 days from the date of the delinquency that quickly preceded collection activity. For instance, say you were inconsistent with your cable expense– you missed it in January but caught up in February only to miss it again in March and April. At that point, your cable company sends the bill to a debt collector. That collection account can stay on your credit record for 7 years plus 180 days from the day your bill scheduled in March.
Here’s the part a lot of individuals don’t like: Whether or not you paid the collection account, it can still remain on your record for that period. Some credit scoring models don’t consider collection accounts once they’re paid, yet many do.
Pro tip: Paid collections normally weigh your score down less than unsettled collections. It’s worth considering this when making a decision whether to settle an old debt you owe.
Eliminate Collections From Your Report, Today!
Sometimes, we suggest speaking with a Credit Repair expert to analyze your credit record. Our experienced experts work to protect customers’ credit rights and make sure that they have fair and factual credit records.
We advise you sign up with BlueWhaleCredit.com if you’re looking for a trusted firm to help you fix your credit and boost your credit score.
Blue Whale Credit is a credit repair business that really helps everyday Americans eliminate unverifiable, inaccurate, incomplete, unapproved, fraudulent or unverifiable negative items from their credit report are relied on leaders in credit repair. We fight for every consumer’s right to an accurate, reasonable and substantiated credit record, including your own.
By making a call to them at (561) 320-7043 or setting up a completely free consultation with them, you can be on the your way to having your credit rating back on the right track.